U.S. Imposes New Economic Sanctions on Iran, Threatening Diplomatic Progress
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"The United States' declaration of new economic sanctions on Iran is far more than continued unlawful 'economic warfare' against a single country," Iranian Foreign Ministry spokesman Esmaeil Baqaei said in a post on X. "It is an assertion of extraterritorial sovereignty over every independent Member State of the United Nations."
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Washington Times BusinessThe Iranian Foreign Ministry declared on Thursday that the upcoming sanctions are a “crime against humanity” and amount to “economic terrorism.”
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The comments came after U.S. President Donald Trump said the U.S. will launch what he called the "most crushing economic operation ever taken against any country" against Iran. Trump also threatened severe financial penalties on any nation that helps Tehran evade sanctions, and added that "this will be Economic Warfare and Isolation on an unprecedented scale."
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BBC BusinessPublished President Donald Trump has announced the US will inflict "TREMENDOUS Economic Consequences" on any country that helps or does business with Iran.
Washington Times BusinessHis comments followed a similarly worded social media post by President Trump on Wednesday. Mr. Trump said there will be an “economic D-Day” coming soon and called on the U.S.’s allies to join the effort to “isolate, and defeat, the Iran threat.”
RealClearMarketsThe president said he’s prepared to impose “TREMENDOUS Economic Consequences” on countries that assist Iran. There is reason for skepticism, however. Read Full Article »
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While both sides have held off attacking one another's targets in recent days, shipping through the economically crucial Strait of Hormuz remains a fraction of its levels before the U.S. launched its war against Iran on Feb. 28. Negotiations to reopen the strait have stalled.
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Washington Times BusinessIran closed the Strait of Hormuz, a narrow waterway connecting the Persian Gulf and the Gulf of Oman, shortly after the U.S. and Israel launched attacks on the country in late February. Since then, commercial ships have been wary of entering the passage for fear of being targeted by Iranian drones or missiles.
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Mr. Trump added that diplomacy with Iran could happen “maybe at some point.” On Tuesday, he had insisted that the economic pressure campaign would continue and the White House had no plans to talk to the Iranians in the near future.
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However, diplomatic momentum collapsed as Iran demanded that the U.S. break off its naval blockade and ease sanctions before the strait could be reopened.
4 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 CNBC Iran maintained its harsh rhetoric Saturday against the U.S.' plans to impose tough new sanctions.
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02 Washington Times Business In an interview with CNBC, Mr. Bessent insisted that the incoming restrictions, which Treasury would announce on Monday, would cause the Islamic republic to “collapse.”
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03 Financial Times The Trump economy: $40tn debt, 6.7% mortgages and $5 diesel The president’s agenda is under strain as the Iran war pushes up prices and America’s finances worsen
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04 BBC Business He wrote in all capital letters on Truth Social he was launching "the most crushing economic operation ever taken against any country!" He gave no further details, and did not name any other nation.
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